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what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there was one counter intuitive thing i learned that apparently the move to the paperless office is endangering the forest. now they are not useful to be sold for paper but other things that will destroy theforest. i thought that was interesting. it was very counter intative. >> taking the trees down and selling it for lands or other uses. >> she was urging me to use paper. that was funny. >> you pulled out a pad and started writing. >> i really wouldn't have expected that. i think there is -- >> do you think that is why bernanke is printing all this money? trying to save the trees. >> this i
what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there...
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Oct 2, 2012
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>> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up this economy and great growth. you can't do anything in this country until you get growth going again. until there are plans in place. talking about a tax reduction so that they can spend more money. so that they are xare competiti with over seas people. >> you heard governor gilmore and in your opening, you basically said okay the economy is not as bad as you think. what i want to hear is what you and president obama would do in a second term. what positives would you put into place? >> we do need a jobs bill. someone said that the recovery bil
>> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up...
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Sep 28, 2012
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economy. drop back in 1990, it dropped back in 2000 to 2001, and of course it dropped with the financial crisis an the great recession hit. what i'm worried about, mandy, what we're going to talk about right now is the far right side of that screen. both of these numbers are coming in under 50. and when we hit sub 50 for both these numbers it often portends, how i do say it, not good things. >> that is indeed ugly. in fact, brian, as we can see from those charts, when the numbers come in below 50 it often means we're heading into recession. let's ask dan greenhouse, and with us senior vice-president of the chase mid cap growth fund. dan, i would like to start with you first of all. as we can see, the economic numbers appear to be take a turn for the worst. and yet your not totally convinced that the stock market rally is over. is that a fair play? >> well, it is. it's important to remember that the u.s. stock market is not u.s. gdp. certainly in the short term if not the medium term. i would m
economy. drop back in 1990, it dropped back in 2000 to 2001, and of course it dropped with the financial crisis an the great recession hit. what i'm worried about, mandy, what we're going to talk about right now is the far right side of that screen. both of these numbers are coming in under 50. and when we hit sub 50 for both these numbers it often portends, how i do say it, not good things. >> that is indeed ugly. in fact, brian, as we can see from those charts, when the numbers come in...
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Oct 3, 2012
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we may not be able to jump-start the economy. perhaps the best we can do is keep it from going into a free fall. that's a reality we're all contending with right now. >> all trying to figure out where we put our money in that scenario. lee, that for your time. lee partridge from salient partners. back to you guys. >>> there is mounting evidence that housing is really starting to turn the corner and the re-fi boom should also mean that more people are fixing up their homes. but is that really happening? we're going to stop in at the corner hardware store to find out. the family owner of one major store is about to tell you whether there is a surge in home improvements. that's next. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice bus
we may not be able to jump-start the economy. perhaps the best we can do is keep it from going into a free fall. that's a reality we're all contending with right now. >> all trying to figure out where we put our money in that scenario. lee, that for your time. lee partridge from salient partners. back to you guys. >>> there is mounting evidence that housing is really starting to turn the corner and the re-fi boom should also mean that more people are fixing up their homes. but is...
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Oct 1, 2012
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how is printing more money good for the economy? >> well, think about the tesla, it misallocates capital into the wrong places. you give a lot of money, that's low interest rate, easy to get and certainly some corporations have benefited. certainly doesn't seem to dir t directdirec directly correlate. >> you sound like a politician, rick, you sound exactly like a politician. you're absolutely right. >> a lot of debate about this policy. a lot of debate about the policy, but no doubt about it, when you look at the equity market -- >> we don't have to worry about the policy until 2015. >> don't fight the fed. we'll see about that. thank, everybody. see you soon. we appreciate your time tonight. >> we have to fight the clock today. have you ever tried to have a conversation with people who are miles away from you all at the same time th? that's not easy. we anchor well together, maria. >> yes, bill. >> 50 minutes left. the 160-point gain on the dow is half gone. 100-point gain right now as we head toward "the closing bell." maria? >> a
how is printing more money good for the economy? >> well, think about the tesla, it misallocates capital into the wrong places. you give a lot of money, that's low interest rate, easy to get and certainly some corporations have benefited. certainly doesn't seem to dir t directdirec directly correlate. >> you sound like a politician, rick, you sound exactly like a politician. you're absolutely right. >> a lot of debate about this policy. a lot of debate about the policy, but no...
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Oct 5, 2012
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for the groelobal economy, numb weren't that bad either. next week a number of things will be happening in europe but the s&p, germany was up not far from the new high. spain was up. brazil a bit of an outlier. overall, a fairly good week for the stock market. >> rick, what say you? why are see seeing the bigger rally on the jobs number? >> well, i think the market in this instance is right. bob nailed it. the amount of jobs we had isn't a lot of jobs and the drop in the unemployment rate from the household survey -- it is a survey and it is going to ebb and flow. i think that if i was going to point to a bright spot on jobs i would look to our neighbors in the north. they created about half the jobs we did for the month of september and they have one-tenth the size population. so why is that optimistic? well, because i think a lot of of the dynamics of their economy aren't so dissimilar to ours. we have a dodd-frank and issues, our energy policy, are keeping us running the race at full speed but i think those things are much easier to fix
for the groelobal economy, numb weren't that bad either. next week a number of things will be happening in europe but the s&p, germany was up not far from the new high. spain was up. brazil a bit of an outlier. overall, a fairly good week for the stock market. >> rick, what say you? why are see seeing the bigger rally on the jobs number? >> well, i think the market in this instance is right. bob nailed it. the amount of jobs we had isn't a lot of jobs and the drop in the...
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Sep 28, 2012
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i think the economy is weak. it's not strong by any means but the labor market looks like it is growing. i don't think it will rollover from modest job growth. claims are ploe low and tax receipts are improving. >> 1 30i7b 3% depend we got earlier this weak. a lot of people would call ate growth recession. i want to ask is this stall-speed or an actual recession? >> i think we have slowed since the 1.3% second quarter number larry. we are seeing durable goods orders down in july and august. we are seeing the pmi is down. importantly, europe is moving in to a recession. germany is now in recession and china is not doing its stimulus. you have a coordinated global slow down starts now and i think it is going to get worse. the reason is the pressure coming from the tax increase. businesses don't want to make a decision in the face of that much uncertainty and my view is the fed is actually contraction their. the more bonds the buy, the slower the economy goes. >> larry, i think david makes good points about global,
i think the economy is weak. it's not strong by any means but the labor market looks like it is growing. i don't think it will rollover from modest job growth. claims are ploe low and tax receipts are improving. >> 1 30i7b 3% depend we got earlier this weak. a lot of people would call ate growth recession. i want to ask is this stall-speed or an actual recession? >> i think we have slowed since the 1.3% second quarter number larry. we are seeing durable goods orders down in july and...
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Oct 1, 2012
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, alleged stronger economy. everything is in quotes. >> that's right. to me that is why '09 is an analogy for europe because the financial crisis really plateaued in the u.s. in the spring of '09 and the economic data didn't show improvement until the late '09. >> good to have you as always on the program. let's take a look at the markets as we head to break. have you the dow up 150 points, perhaps offer the best levels and nasdaq way off the highs as well and a rare one at that given what mondays have usually meant to the markets over the last several months. up next, live from the value investing congress, the fourth quarter playbook continues live as i fannish from the heart of new york city. will financialing out shine and which pang stocks should you bet on and how big of a threat is china to u.s. stocks? halftime reports comes back. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can cus
, alleged stronger economy. everything is in quotes. >> that's right. to me that is why '09 is an analogy for europe because the financial crisis really plateaued in the u.s. in the spring of '09 and the economic data didn't show improvement until the late '09. >> good to have you as always on the program. let's take a look at the markets as we head to break. have you the dow up 150 points, perhaps offer the best levels and nasdaq way off the highs as well and a rare one at that...
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Oct 4, 2012
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don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because congress has to pass the tax rates over here. we have a congress. congress might let the rates go up to -- right now they're planning on letting them drop to 45%. when you add in state and local and some -- >> 39.6. what's five here or there. >> it's not 39.6. you have to add the medicare tax, the phase out of the personal exemption and standard deduction. that works out to around 44%. excuse me. >> okay, dpofolks. >> we're not going to get up to 75%. >> on that i agree. >> plus, our corporate tax rate is ten percentage points above that of our international competitors n competitors. that needs to be
don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because...
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Sep 28, 2012
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the most important issues are jobs, economy, how you're going to get this economy moving again. so i think on both sides, this has become a false debate over should we tax or should we not tax the wealthy. i think it really takes the focus off the bigger issue, which wealthy voters are really looking at. maybe raise their taxes, maybe not. that's not even what's important for the wealthy themselves. what's important is how to grow again. >> and how do you grow when you're facing $16 trillion in debt? you have to make tough decisions like the entitlements. >> free cell phones. >> give them free cell phones. >> back to the tax question. i think it is key to solving the deficit problem. the tax plan that i would love someone to put forward, and i'm not sure anyone has, is lower every rate and close every loophole. lower every rate on businesses. yes, on millionaires and billionaires. close all the loopholes, which generally favor the wealthy. they favor the large corporations. what that would do, obviously, is broaden the base. but it would help small businesses. >> absolutely. who
the most important issues are jobs, economy, how you're going to get this economy moving again. so i think on both sides, this has become a false debate over should we tax or should we not tax the wealthy. i think it really takes the focus off the bigger issue, which wealthy voters are really looking at. maybe raise their taxes, maybe not. that's not even what's important for the wealthy themselves. what's important is how to grow again. >> and how do you grow when you're facing $16...
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Oct 3, 2012
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i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank
i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the...
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it's still the economy, even overseas. get this -- as the november election approaches, the economy remains by far the top issue on voters' minds. a recent rasmussen poll shows the economy as very important as to how they will cast their ballot. here is dave goldman and keith mcauliffe. dave goldman, we're going to have to switch this a little bit. bear with me. the new today coming out of iran is potentially very important. as you may know, their currency, the rial, has dropped 40% in the past week. black market currency traders and others are rioting in the streets. they had to bring in special riot police to do this. what's going on? is that country imploding over its money collapse? >> larry, i very much doubt it. the immediate effect of the shortage of foreign exchange is to concentrate power in the hands of the people who have the foreign exchange, namely the regime. no one else has the guns and money to oppose them. the immediate impact will be to convince ahmadinejad and his gang that they need to be all the more a
it's still the economy, even overseas. get this -- as the november election approaches, the economy remains by far the top issue on voters' minds. a recent rasmussen poll shows the economy as very important as to how they will cast their ballot. here is dave goldman and keith mcauliffe. dave goldman, we're going to have to switch this a little bit. bear with me. the new today coming out of iran is potentially very important. as you may know, their currency, the rial, has dropped 40% in the past...
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Oct 1, 2012
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good read on the economy with maria's exclusive interview there in san francisco with the president of oracle corp, mark hurd. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to "the closing bell." i'm maria bartiromo coming to you today from san francisco. we're following up the close this monday night. stocks losing steam in the final hours of trading today. dow industrials had a rip roaring day, thebest, up as many as 161 points. after stronger than expected manufacturing data set the tone this morning for this market. stocks gave back much of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off of
good read on the economy with maria's exclusive interview there in san francisco with the president of oracle corp, mark hurd. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to "the closing bell." i'm maria bartiromo coming to you today from san francisco. we're following up the close this monday night. stocks losing steam in the final hours of trading today. dow industrials had a rip roaring day,...
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Oct 1, 2012
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what does that mean for the economy? this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%. >> let's keep it on topic, we're talking about the payroll tax cult which was done to stimulate payroll and consumption. >> and did nothing. >> i'm sorry, i actually see growth in certain sectors. we started the show talking about how good manufacturing -- you can't have it both ways. >> this has been the two worst recovery years in the history of the united states of america. >> it's stopped contracting. if you believe, i don't, jimmy does, but if you believe the payroll tax cuts stimulate consumption, what are you going to do when it'
what does that mean for the economy? this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%....
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Oct 3, 2012
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economy. that is great for u.s. stocks. what has to happen in the u.s. market is oil has always been this traditional leading indicator in the economy. if oil is up that means there is lots of demand and that is great. >> let's look at the oil picture. we did see oil breaking below $88. how could a regime change in iran impact oil? joining us is the king of commodities himself. you can take a look at wti. it doesn't seem like it is reflecting the tensions or would we be even lower if we didn't have them? >> i think that what we're seeing and michelle was explaining it quite well, i sent e-mails to explain what was happening. the possibilities of regime change is very much a part -- there has been tear gas let out in teheran in the streets. the currency has been literally collapsing. the currency movement of 5% is extraordinary in a week. a currency movement at 40% is perhaps unparalleled other than periods of hyperinflation. the regime has to be concerned about its continuation. we are hoping the students and workers will take the streets. they have seen
economy. that is great for u.s. stocks. what has to happen in the u.s. market is oil has always been this traditional leading indicator in the economy. if oil is up that means there is lots of demand and that is great. >> let's look at the oil picture. we did see oil breaking below $88. how could a regime change in iran impact oil? joining us is the king of commodities himself. you can take a look at wti. it doesn't seem like it is reflecting the tensions or would we be even lower if we...
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Oct 4, 2012
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growth economy is slowing. if you're used to 5%, 10%, the impact that that has on energy, on materials, on all sorts of things is pretty significant. both for china and its implications for the rest of the world is pretty significant. >> you say 4% to 5% might be a reasonable return expectation in a domestic stock portfolio for next year. if i'm not satisfied with that, i'm greedy, i want more than that, where can i enhance my return under the scenario you predict? >> i would get similar returns still from the high-yield area. high yield acts like equities. you're not really changing your risk profile there but i'm also really interested in the emerging market areas. >> but not china. >> not china itself. that's true. it depends on some of the monetary policy, changes they may now make. but at this point, no, i agree. >> we have to leave it there. you called the market right. you said 15%. that's where we are. thanks for being with us. >>> let's go to seema for a market flash. >> we got a lot of ipos this week.
growth economy is slowing. if you're used to 5%, 10%, the impact that that has on energy, on materials, on all sorts of things is pretty significant. both for china and its implications for the rest of the world is pretty significant. >> you say 4% to 5% might be a reasonable return expectation in a domestic stock portfolio for next year. if i'm not satisfied with that, i'm greedy, i want more than that, where can i enhance my return under the scenario you predict? >> i would get...
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Oct 5, 2012
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i would assume that economy would incorporate fuel economy, all sorts of things. are there certain data points that are more important to these businesses than others is sl it is really a combination of a lot of of things. we track fuel usage, optimization of routing between service calls. speed utilization, looking at time of location. we're really giving the business owner an inciteful view of what's happening with his mobile assets. >> you raised a lot of money today. >> we're going to continue to grow the business. we have a great opportunity in untapped market, underpenetrated. we're going to continue to invest in sales and marketing and we have some opportunity to continue to look at accelerating product development to sell back to our install base. >> maybe an acquisition along the line? >> an acquisition certainly will figure into the mix as well. >> all right. congratulations, sir. nice to have you with us. fleetmattics ceo jim traverse. >>> spain's finance minister speaking last night at the london school of economics. but what did he say that made the c
i would assume that economy would incorporate fuel economy, all sorts of things. are there certain data points that are more important to these businesses than others is sl it is really a combination of a lot of of things. we track fuel usage, optimization of routing between service calls. speed utilization, looking at time of location. we're really giving the business owner an inciteful view of what's happening with his mobile assets. >> you raised a lot of money today. >> we're...
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Sep 28, 2012
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citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we hahave that anymore? is that gone? no, they don't have it. >> i saw the dow, s&p and nasdaq. >> what did it add up to? adds up to like 15 or so. >> i just saw for this quarter. >> oh, it didn't show first quarter, second quarter -- >> no. >> there are corporate headlines. people started getting plaq blackberries? >> they beat expectations. >> they lost money, they beat expectations. >> but they added subscribers. >> subscribers in developed countries. the point is a developing -- in the developing countries, i mean -- >> that's us. >> no, developing. >> okay. >> so
citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we...
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Oct 2, 2012
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what does this say about our economy and about what's going on in china? joins us is david, lenov ooleno president of north america. how did this get decided, and when does it all come down? >> what we will announce today is we're expanding or facility in north carolina to bring u.s. manufacturing starting in january through our think product portfolio. our think pad notebooks and think server workstations and servers. we're very excited about this. it's really bringing a differentiator for us versus the market. we believe there's a customer demand for u.s. manufacturing not only for the manufacturing presence but also what we could bring to differentiate ourselves around the customer experience that a local manufacturing plant provides us the flexibility to do. >> were these jobs that were elsewhere that are essentially being imported into the country, or are these new jobs? >> these will be new jobs we're creating. as you may not know, we're the faste fastest-growing pc player in north america for the last nine quarters and have expanded our presence in
what does this say about our economy and about what's going on in china? joins us is david, lenov ooleno president of north america. how did this get decided, and when does it all come down? >> what we will announce today is we're expanding or facility in north carolina to bring u.s. manufacturing starting in january through our think product portfolio. our think pad notebooks and think server workstations and servers. we're very excited about this. it's really bringing a differentiator...
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>> the economy will be better, but it's a question of how much better. let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst gdp performance and jobs perform ann of any president. things are getting better, but at such an anemic rate. >> let's move on. go ahead. jump in. >> you know what the problem was with that promise? they should have never made that. promises get people elected. promises get things passed, so now mitt romney says i'm going to create 12 million jobs over four years. 250,000 jobs a month. a ridiculous claim and what does the obama campaign do because morning in america sounds better than evening in america, the obama campaign says there's that's a low bar. we can do that, too. >> briefly here, you mentioned the idea of a conspiracy theory. this is the white house
>> the economy will be better, but it's a question of how much better. let's not forget obama promised if he enacted his so-called stimulus, by today, the unemployment rate would be down to 5.5%. so, something's gone wrong. if you look at the minneapolis federal reserve website, there's an interactive feature that allows you to look at all the the business cycles since world war ii. it's the worst gdp performance and jobs perform ann of any president. things are getting better, but at...
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Sep 30, 2012
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you all say you're not happy with the economy at this point. what is different about a second term president obama than a first term? >> well, you are absolutely right. the president is not satisfied. we've come a long way from when we were losing 800,000 jobs a month in january of 2009 when he took office. we've now created five million private sector jobs. we're net positive in terms of jobs. the hole is huge, and we have to not only fill that hole, but create an economy in which the middle class has a chance, and candy, we're not going to get there by going back to the same policies we've had before. >> how are we going to get there? >> we're going to do it by responsibly dealing with these deficits while leaving money to invest and those things we need to grow -- education, research and development, clean energy technology. >> those aren't sort of specific proposals. what i'm asking you is -- >> let's talk about -- >> they haven't passed. >> 100,000 new math and science teachers. we need that to move forward as a country. >> that's a goal t
you all say you're not happy with the economy at this point. what is different about a second term president obama than a first term? >> well, you are absolutely right. the president is not satisfied. we've come a long way from when we were losing 800,000 jobs a month in january of 2009 when he took office. we've now created five million private sector jobs. we're net positive in terms of jobs. the hole is huge, and we have to not only fill that hole, but create an economy in which the...
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. >> president obama and the economy. how is he managed to avoid public retribution for not fixing the economy? >> it's not a normal thing. >> the extraordinary work of a clinton initiative. >> keep pushing the rocks up the hill. >> big ideas from the big names. dee pock chopra, things get lively at the global initiative. you want to make farming sexy, don't you? this is "piers morgan tonight." >>> mr. president, thank you very much for sparing the time to talk to me. you are in the eighth year now, of the clinton global initiative. i would imagine all the world leaders you managed to amass here, there are a few topics of concentrated attention. probably right at the top of the list would be this simmering tension between israel and iran. now, i interviewed president ahmadinejad last night and he was adamant that he has no plan to build a nuclear weapon, that he has purely peaceful intention. clearly, most people here don't believe him. what is the smart thing for america to do right now, given the ratcheting up of the rh
. >> president obama and the economy. how is he managed to avoid public retribution for not fixing the economy? >> it's not a normal thing. >> the extraordinary work of a clinton initiative. >> keep pushing the rocks up the hill. >> big ideas from the big names. dee pock chopra, things get lively at the global initiative. you want to make farming sexy, don't you? this is "piers morgan tonight." >>> mr. president, thank you very much for sparing...
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i mean, it's had a booming economy in recent years that has slowed somewhat. it is fighting a kurdish pkk insurgency in southeastern parts of turkey. it has a booming tourism industry. it does not need a major conflict, another one on its borders with syria right now, which could further destabilize relations with major trading partners like russia and iran, who are strong supporters of the assad regime in syria. >> we'll continue to watch it. ivan, thanks. >>> we will obviously continue to follow that. let's check in with isha and the "360" bulletin. >>> 18 children are dead after a landslide buried their school in china. the students wouldn't normally be at school today because of a national holiday, but they were making up classes after a series of earthquakes naks month. >>> nearly a month after the deadly attack at the u.s. consulate in benghazi, an fbi investigation team got to the site and spent only a number of hours in the city. for security reasons, they traveled with u.s. military support. four americans were killed in the september 11th attack, inc
i mean, it's had a booming economy in recent years that has slowed somewhat. it is fighting a kurdish pkk insurgency in southeastern parts of turkey. it has a booming tourism industry. it does not need a major conflict, another one on its borders with syria right now, which could further destabilize relations with major trading partners like russia and iran, who are strong supporters of the assad regime in syria. >> we'll continue to watch it. ivan, thanks. >>> we will obviously...
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people are driving this change. that's the power of human resources. the society... for human resource management and its members know... how to harness that power, because we help develop it. from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> it was perhaps no bigger story this week at a time when world leaders gathered at the u.n., whe
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ for real. ...that make a real difference. perform, compete and grow. and people...
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it's the economy, stupid. you're running against a president with 8% unemployment and 1.3% gdp growth. i can't imagine why you would talk about anything else, especially race, which this president i think has done a wonderful job of leading us on. >> eric, why a speech from 2007 being released now, tonight? is it anything other than politics or why do you think it's significant? >> well, i think there's an expression of frustration on the right, among a lot of people who feel like major members of the media have spent a lot of time vetting republicans in a way they never did about barack obama, including this and from what i'm being told tonight, there's actually a portion of this that we haven't seen, and i think it feeds into a perception on the right that the media hasn't really vetted barack obama as they have republicans, and that you have the democratic national committee tonight already sending out press releases of reporters' reactions being dismissive of this. there's a huge perception on the right th
it's the economy, stupid. you're running against a president with 8% unemployment and 1.3% gdp growth. i can't imagine why you would talk about anything else, especially race, which this president i think has done a wonderful job of leading us on. >> eric, why a speech from 2007 being released now, tonight? is it anything other than politics or why do you think it's significant? >> well, i think there's an expression of frustration on the right, among a lot of people who feel like...
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of the economy right now? is there too much? and in your case, mr. president, should there be more? beginning with you, this is not a new two-minute segment. we'll go for a few minutes and then we're going to go to health care. okay? >> regulation is essential. you can't have a free market work if you don't have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldn't have people opening up banks in their garage and making loans. you have to have regulations so that you can have an economy work. every free economy has a good regulation. at the same time, regulation can become excessive. >> is it successful now? >> in some places, yes. it could become out of date. what's happening with some of the legislation passed during the president's term, you've seen regulation become excessive and it's hurt the economy. dodd-frank was passed, and it includes provisions that have it telling banks too big to fail. this is the biggest kiss that's been given to ne
of the economy right now? is there too much? and in your case, mr. president, should there be more? beginning with you, this is not a new two-minute segment. we'll go for a few minutes and then we're going to go to health care. okay? >> regulation is essential. you can't have a free market work if you don't have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldn't have people opening up banks in their garage and making...
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every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have ever seen. 122 community and small banks have closed since dodd-frank. there is one example. >> you want to repeal dodd-frank? >> repeal and replace it. we're not getting rid of all regulation. there are some parts of dodd-frank that make all the sense in the world. you need transparency, you need to have leverage limits for -- >> here is the specific -- >> excuse me. >> let's talk about the big one. >> no, let's not. let's let him respond, let's let him respond to dodd frank and what the governor said. >> i think this is a great example, the reason
every free economy has good regulations. at the same time, it could be become excessive. >> is it engs cessive now? >> in some places. and out of date. in some legislation passed during the president's term, have you seen regulation become excessive and it's hurt the economy. let me give you an example. dodd frank passed and includes within it a number of provisions that i think has a number of consequences. banks too big to fail. this is the billinge ebiggest k york banks i have...
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. >> -- make sure america leads in our homes, in our economy and in our military. i need something from you. that's my commitment to you. i need you to go out and find somebody who voted for barack obama and get him to vote for me. >> he's down but not out. can he turn it around with an october surprise? let's welcome stephanie cutter. it's going reasonably well for you guys. it's been a good couple weeks, really since the conventions. you've got a bit of momentum but i guess you're not taking this too complacently. >> no, absolutely not, piers. you know, debates can be a pivotal moment in campaigns. i remember eight years ago when john kerry was getting ready to debate george bush, we were eight points down. coming out of that first debate we were tied with george bush. so there is an opportunity for mitt romney if he takes advantage of it next wednesday night, to turn the momentum around. he not only has to win this debate but has to change the dynamics in this race. we know he's going to show up prepared, disciplined and aggressive, even tim pawlenty said that h
. >> -- make sure america leads in our homes, in our economy and in our military. i need something from you. that's my commitment to you. i need you to go out and find somebody who voted for barack obama and get him to vote for me. >> he's down but not out. can he turn it around with an october surprise? let's welcome stephanie cutter. it's going reasonably well for you guys. it's been a good couple weeks, really since the conventions. you've got a bit of momentum but i guess you're...
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the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses say your plan will kill 700,000 jobs. i don't want to kill jobs in this environment. i want to make one more point. >> let him answer the tax thing for a moment. >> okay. >> mr. president. >> well, we've had this discussion before. >> well, in order -- about the idea to reduce the deficit, there has to be revenue in addition to cuts. >> there has to be revenue in addition to cuts. >> mr. romney has rule out revenue. >> look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and balanc
the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made the statement. if you believe the same thing, you don't want to raise taxes on people. and the reality is, it's not just wealthy people, not just donald trump are you taxing. it's all the businesses that employ one quarter of the workers in america, that are taxes as individuals. you raise taxes and you kill jobs. that's why the national federation of independent businesses say your plan...
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all tra
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company....
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the key reason why many consumers are paying down their debt is uncertainty in the economy. >>> first presidential debate is in the bag. many say mitt romney wins in more ways than one. going into the debate, president obama was way ahead of romney in the likability polls. last night, romney one-up the president on his own wedding anniversary. first, obama. >> a lot of points i want to make tonight. but the most important one is that 20 years ago, i became the luckiest man on earth, because michelle obama agreed to marry me. and so i just want to wish, sweetie, you, happy anniversary, and let you know that i year from now, we will not be celebrating it in front of 40 million people. >> romney grabbed the ball, responded in a way that was downright charming. >> and congratulations to you, mr. president, on your anniversary. i'm sure this was the most romantic place you could imagine here, here with me. so i -- congratulations. >> cnn contributor's will cain, roland martin, who leans left, are here to discuss. welcome, gentlemen. >> how are you doing? >> the moment you just played that'
the key reason why many consumers are paying down their debt is uncertainty in the economy. >>> first presidential debate is in the bag. many say mitt romney wins in more ways than one. going into the debate, president obama was way ahead of romney in the likability polls. last night, romney one-up the president on his own wedding anniversary. first, obama. >> a lot of points i want to make tonight. but the most important one is that 20 years ago, i became the luckiest man on...
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our economy doesn't grow from the top down. it grows from the middle out. we don't believe that anybody's entitled to success in this country. but we do believe in opportunity. we believe in a country where hard work pays off and responsibility is rewarded and everybody is getting a fair shot. and everybody is doing their fair share and everybody is playing by the same rules. that's the country we believe in. that's what we have been fighting for the last four years. that's what we are going to put in place in the next four years, if you re-elect me as president of the united states of america. that's what we're going to do. >> and a very friendly crowd at the george mason university campus in fairfax, virginia. and you're hearing some of the typical stump speech, but not only two minutes into the stump speech, the president was able to say we have the lowest unloimt number u unemployment numbers out this morning as soon as i took office and then we have come too far to turn back now. and was able to reinvoke another reference to big bird, which is getting
our economy doesn't grow from the top down. it grows from the middle out. we don't believe that anybody's entitled to success in this country. but we do believe in opportunity. we believe in a country where hard work pays off and responsibility is rewarded and everybody is getting a fair shot. and everybody is doing their fair share and everybody is playing by the same rules. that's the country we believe in. that's what we have been fighting for the last four years. that's what we are going to...
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only 32% of latinos think the republican party can fix the economy. this is compared to 62% who think democrats can do it. so while those numbers paint a picture of how the candidates are doing, we're going deeper. this weekend we're bringing you an in depth look with our documentary special latino in america, counting their vote. soledad o'brien went to the state of nevada. take a look. ♪ >> reporter: january 24th, 2012, washington d.c. >> i get the chills every time i walk by this building. ♪ >> reporter: congressional candidate ruben could youen has traveled across the country as a guest of his mentor, senator harry reid, to attend the state of the union address. >> this is maybe a once in a lifetime opportunity. god willing, we win this election in june, and in november and next year i'll be searching in this body as a member of congress listening to that speech. ♪ >> reporter: while in washington, ruben makes a point to meet with key latino congressmen. >> should be there. a few more offices. >> reporter: like congressman beccerra. >> congr
only 32% of latinos think the republican party can fix the economy. this is compared to 62% who think democrats can do it. so while those numbers paint a picture of how the candidates are doing, we're going deeper. this weekend we're bringing you an in depth look with our documentary special latino in america, counting their vote. soledad o'brien went to the state of nevada. take a look. ♪ >> reporter: january 24th, 2012, washington d.c. >> i get the chills every time i walk by...
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how is the economy doing? joined by alison kosik, new york stock exchange, to talk a little bit about this. alison, the candidates will be pressing each other on the whole issue of jobs. what does the picture look like for jobs? >> you know, with jobs, it is improving slowly, but the reality is it is just not great. we got another little sliver of information today from adp, it said private sector employment gained by 162,000 jobs in september, but this is just a clue of what to expect on friday from the government jobs report. that's really the biggie, the report that counts. it factors in the private sector jobs, it counts government jobs which actually have been shrinking and the expectation is that the economy added 110,000 jobs in september. and, you know, that would be just be okay, because the reality is we have got a long way to go. in early 2009, the economy lost over 800,000 jobs a month. this by the way is the year that president obama took office. compared to that, 110,000 on friday would be good.
how is the economy doing? joined by alison kosik, new york stock exchange, to talk a little bit about this. alison, the candidates will be pressing each other on the whole issue of jobs. what does the picture look like for jobs? >> you know, with jobs, it is improving slowly, but the reality is it is just not great. we got another little sliver of information today from adp, it said private sector employment gained by 162,000 jobs in september, but this is just a clue of what to expect on...
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our economy doesn't belong to just us anymore. it is a global economy. the next hour of "cnn newsroom" begins right now. >>> stoeshz we're watching right now in the newsroom, more u.s. staff leaving the embassy in tripoli, libya, as u.s. investigators try to figure out who is responsible for the attack in benghazi that killed the u.s. ambassador. a film maker hated by millions because of his anti-islam film is in jail. not because of the movie. really. the jimmy hoffa mystery solved? this is a live look at the suburban detroit home where investigators are digging right now. more from the scene in a bit. >>> get your flag pins and sense of pride. we're talking economic patriotism on the campaign trail. newsroom starts now. >>> good morning. happy friday to you. i am carol costello. we begin this hour, new intrigue in one of the most iconic crime mysteries in u.s. history. police in the detroit suburb of roseville may be breaking new ground in the 1975 disappearance of the former union boss jimmy hoffa. minutes ago crews began drilling a core sample from w
our economy doesn't belong to just us anymore. it is a global economy. the next hour of "cnn newsroom" begins right now. >>> stoeshz we're watching right now in the newsroom, more u.s. staff leaving the embassy in tripoli, libya, as u.s. investigators try to figure out who is responsible for the attack in benghazi that killed the u.s. ambassador. a film maker hated by millions because of his anti-islam film is in jail. not because of the movie. really. the jimmy hoffa mystery...
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, number two the economy, number three the economy. so you add that all up. i'm getting like 45 minutes on the economy. now, it's a big subject. but i do think that there is a chance there to go in depth. but a lot of that depends on these two candidates. are they willing to go in depth? are they willing to engage with each other about specifics? are they willing to kind of reveal their specifics? in some ways it's up to them. but certainly the time is there. >> how can they not go in depth? they can't stand there and not say anything to fill the remaining 13, 12, 10 minutes. >> you'd be surprised how well politicians can fill time saying very little. but i would think the opportunity is there and the pressure is there particularly on mitt romney, but also on the president. there's a lot of pressure to say, okay, so how do you create jobs? we know you both want to create jobs. we know you both don't think the other is doing it the right way. what specifically are you going to do? how specifically will you bring down the deficit? there'
, number two the economy, number three the economy. so you add that all up. i'm getting like 45 minutes on the economy. now, it's a big subject. but i do think that there is a chance there to go in depth. but a lot of that depends on these two candidates. are they willing to go in depth? are they willing to engage with each other about specifics? are they willing to kind of reveal their specifics? in some ways it's up to them. but certainly the time is there. >> how can they not go in...
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. >>> about 32 hours away from the obama-romney debate in denver. while debates may not always change the course of the election they can have some powerful moments. revealing something about the politicians running for president. anderson cooper shows us some of the most memorable debates. >> reporter: september 26, 1960. first presidential deless viced debate. appearances mattered more than ever and gaffes however small are magnified
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out...
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i'll call it the economy tax. it's been crushing. >> let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families, and that's exactly what i did. we cut taxes for middle class families by about $3,600, and the reason is because i believe that we do best when the middle class is doing well. >> that was just a couple of highlights from last night's presidential debate. we're going to go more than just play soundbytes. we're going to replay the entire debate next hour of cnn newsroom, so you can judge for yourself just how the candidates performed. which candidate would do a better job of growing a sluggish economy? voters, they're looking for answers. last night's debate, did they actually even get them? we're going to bring in our cnn chief business correspondent alshi velshi. an incredible debate. ali, i want to start off with you first. >> yeah. >> one of the things that mitt romney was very consistent on, the mes
i'll call it the economy tax. it's been crushing. >> let's talk about taxes, because i think it's instructive. now, four years ago when i stood on this stage, i said that i would cut taxes for middle class families, and that's exactly what i did. we cut taxes for middle class families by about $3,600, and the reason is because i believe that we do best when the middle class is doing well. >> that was just a couple of highlights from last night's presidential debate. we're going to...
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? with a vial and syringe. me, explaining what i was doing at breakfast. and me discovering novolog mix 70/30 flexpen. flexpen is pre-filled with your pre-mix insulin. dial the exact dose. inject by pushing a button. no vials, syringes or coolers to carry. flexpen is insulin delivery my way. novolog mix 70/30 is an insulin used to control high blood sugar in adults with diabetes. do not inject if you do not
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney. when a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers....
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health care program going and have everyone be on the same page and we've got to go and stimulate the economy to get our gdp again up to 4% or 5% increase every year, and to really fix our immigration problem that they have been promising us for 10, 15 years they're going to do. it's not just they say we're going to fix that but i want to know exactly how. how are they going to bring both of the parties together, sit down and really have a serious discussion and compromise rather than getting stuck in the idealogical corners. that is really the most important thing because in washington right now, nothing is happening. we haven't even had a budget in the last three years. >> romney has been hammered a lot for being very rich and a successful businessman. people using that against him, saying as many jobs as he made, he wrecked and so on. what have you made of that, somebody who is a very rich, successful man yourself, are you surprised that in america, the country that gave you the opportunity to become what you are, that they would now turn on somebody for being what used to be the great ame
health care program going and have everyone be on the same page and we've got to go and stimulate the economy to get our gdp again up to 4% or 5% increase every year, and to really fix our immigration problem that they have been promising us for 10, 15 years they're going to do. it's not just they say we're going to fix that but i want to know exactly how. how are they going to bring both of the parties together, sit down and really have a serious discussion and compromise rather than getting...
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and mitt romney is out to make the case that the best defense is a better economy. >> in battle ground virginia both president obama and mitt romney pulled out the heavy artillery. romney slammed the president for the defense cuts coming at the end of the year. >> it is still a troubled and dangerous world and the idea of cutting our military commitment by a trillion over this decade is unthinkable. and devastating. and when i become president of the united states, we will stop it. i will not cut our commitment to our military. >> the president once again blasted romney's hidden camera comments on the 47% of americans he dubbed victims of government dependence. >> i don't think we can get very far with heed lookers who write-off half the nation as a bunch of victims who never take responsibility for their own lives. >> 47% people of the people -- >> the obama campaign turned romney's remarks into a devastating new ad playing the words under the faces of families and veterans. >> and they will vote for this president no matter what. so my job is not worry about those people. they should
and mitt romney is out to make the case that the best defense is a better economy. >> in battle ground virginia both president obama and mitt romney pulled out the heavy artillery. romney slammed the president for the defense cuts coming at the end of the year. >> it is still a troubled and dangerous world and the idea of cutting our military commitment by a trillion over this decade is unthinkable. and devastating. and when i become president of the united states, we will stop it....
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what is your sense of the american economy? there are some signs that the economy is actually beginning to recover. housing is back. but yet the actual gdp numbers don't seem to move much. what do you think? >> there are some good sighs. housing is back a boon in ener. that could be a real wild card for us because low-cost energy dependence should be a goal, and consumers have paid down a lot of debt. the bad side of the ledger is there is increasing debt at the state and federal level. if you think back, in 1982, there was a large outcry when the national debt passed 1 trillion. we are now netting 1 trillion per year. it's close to 16 trillion adding 1 trillion per year. soon the interest on the debt could equal the whole debt since 1982 when you and i were here. i think it's a solvable problem, though. simpson bowles goes a long way to solving that, and i'm hoping the next president will address that. the president can only do so much. we've got to get the congress together to get the deficit down. you have a road map there i
what is your sense of the american economy? there are some signs that the economy is actually beginning to recover. housing is back. but yet the actual gdp numbers don't seem to move much. what do you think? >> there are some good sighs. housing is back a boon in ener. that could be a real wild card for us because low-cost energy dependence should be a goal, and consumers have paid down a lot of debt. the bad side of the ledger is there is increasing debt at the state and federal level....
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. . >>> welcome back. paleontologist said he identified fossils from one of the smallest dinosaurs to walk the earth more than 200 million years ago. this newly discover species had a body less than would feet long and no bigger than a cat. check out this image from 200 miles above the surface of mars. people speculating they are anything from sunbathing colonies of spiders to giant alien worms. these pictures were taken by the mars reconnaissance orbiter a couple of years ago. >> maybe we will never know. welcome, everybody. our team this morning -- everybody is a little happy. richard is way down the end in what we call the honorary will cain seat. margaret hooper is with us. charles blow, "new york times" columnist. nice to see you all this morning. the big news this morning, of course, mitt romney saying he was completely wrong for his remarks about the 47% who don't pay income tax. let's listen to what he said yesterday. >> clearly in a campaign wi
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. . >>> welcome back. paleontologist said he identified fossils from one of the smallest dinosaurs to walk the earth more than 200 million years ago. this newly discover species had a body less than would feet long and no bigger than a cat. check out this image from 200 miles above the surface of mars. people speculating they are anything from sunbathing colonies...
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only 114,000 jobs added to the economy. you had that psychological boost of the unemployment rate going down to 7.8%. is the obama camp doing the happy dance? >> well, they're not doing a happy dance, carol, because the president is always the first one to say that even though we are headed in the right direction, and these numbers continue to prove that, we're now at the 31 straight months of private sector job creation. he says there is a lot more to do. he knows there is a lot more people out there that want jobs, that need jobs, and it is always a reason he talked about for the policies he's putting in place. we're going in the right direction. it is working but we need more to do. it is important psychologically because it is now below 8% and he's also now at a net job creation number for his term. it has taken away two important talking points from the republicans in terms of the jobs numbers. >> and i'll ask you this, some conservatives are coming out and saying that these jobs numbers are skewed. and something has b
only 114,000 jobs added to the economy. you had that psychological boost of the unemployment rate going down to 7.8%. is the obama camp doing the happy dance? >> well, they're not doing a happy dance, carol, because the president is always the first one to say that even though we are headed in the right direction, and these numbers continue to prove that, we're now at the 31 straight months of private sector job creation. he says there is a lot more to do. he knows there is a lot more...
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they think the economy's starting to get better. on the right track, wrong track numbers it's getting a little bit better. i think this just confirms a growing sense that we're moving forward. we're getting there. it's been a tough slog. we went from an economy that was losing nearly 800,000 jobs a month when president obama took office to a place now where the economy has created 5.2 million new jobs. so we're getting there. we're not there yet but we're getting there. >> john, mitt romney yesterday amid all the ecstasy about his debate performance took time on fox to say that he was now very sorry for saying what he said about the 47%. was that a smart political move in a moment of everyone feeling good about you to just bury that away? >> i think the timing was right that he said that, but i do hope he doesn't move away from what the bigger argument that he was trying to make, is that there are two choices in america today. are we going to become a country very, very dependent on big government that says give me all your money, g
they think the economy's starting to get better. on the right track, wrong track numbers it's getting a little bit better. i think this just confirms a growing sense that we're moving forward. we're getting there. it's been a tough slog. we went from an economy that was losing nearly 800,000 jobs a month when president obama took office to a place now where the economy has created 5.2 million new jobs. so we're getting there. we're not there yet but we're getting there. >> john, mitt...
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what do these numbers mean for the economy? i asked cnn business correspondent alison kosik if this is good news. >> just okay news. you know, if you want it to be positive, take a look at this. we were losing 800,000 jobs a month during the depths of the recession and for the past two years we have been adding jobs. that is good news right there. you flip over the coin and the fact of the matter is, the job creation that is going on isn't strong enough. we have yet to gain back what we lost during the recession. the biggest job gains in september were actually in part-time jobs. what we really need to see are more full-time jobs being added. there are good things going on in the economy. housing is recovering. and consumer confidence is picking up and spending is rebounding. there are a lot of positive signs in the economy, but certainly not full steam ahead, especially when you talk about the job market. >> as you mentioned, housing is up, which is great and consumer confidence. let's talk about the jobs a little more. where
what do these numbers mean for the economy? i asked cnn business correspondent alison kosik if this is good news. >> just okay news. you know, if you want it to be positive, take a look at this. we were losing 800,000 jobs a month during the depths of the recession and for the past two years we have been adding jobs. that is good news right there. you flip over the coin and the fact of the matter is, the job creation that is going on isn't strong enough. we have yet to gain back what we...